Spain to Offer Grants for Metaverse Companies – Metaverse Bitcoin News
— Companies, Program, Working, Offer, Services, Grants, Ministry, Projects, Metaverse, Spain — 1 min read
Spain has announced it will issue grants and aid for metaverse-related developments. The first batch of grants will be dedicated to the gaming and entertainment sector. Those interested in receiving these grants will have to be based in the European Union or Spain and present a plan, and meet a series of requirements, to be considered. The ministry expects this program will entice companies from all over Europe to include the metaverse as a part of their plans for the future. The estimation of the Spanish ministry is that the Metaverse will have a value of over a billion dollars by 2026. In May, South Korea revealed an investment of $177 million to kickstart national companies working in metaverse projects. Dubai is reportedly in talks with third parties to make some of its government offices and services metaverse Source